Purchasing commercial real estate can be a solid investment in your financial future. To choose the right property that will appreciate and earn more income over time, you’ll need an experienced real estate agent at your side. To help you select one that will help you make an informed decision and guide you through the buying process, ask the following questions to garner their level of expertise and knowledge in commercial investing.  

What to Ask Your Commercial Real Estate Agent

1. Do You Have Experience With My Commercial Needs?

For the best results, you want a commercial agent who has helped clients like you in the past. This means they know the industry and most likely already have properties in mind that will fit your needs. They also know what types of hurdles you might encounter and can prepare you for what to expect. Gather this information by asking about past clients, and how many of those deals were completed. 

2. What Is the Economy Like?

When looking for commercial property, the economy in the region you’re interested in is a critical factor. Ask your agent about job growth in the region. What is the average salary? Has the population grown or shrunk in recent years? What is the prediction of growth in the future? You’ll also want to learn what other attractions draw people to the region. They should have a clear answer for the area they work in and be able to quickly determine this information for other locations you might be interested in.

3. Will the Location Meet My Needs?

Depending on the type of business you want to run, one location might better serve your needs than another. For instance, student housing is more beneficial when it’s placed within walking distance to the nearby college or in an area where public transportation is abundant. If you’re planning on renting out the facility to retail business, it will be easier to keep a tenant that won’t fault on the lease if they have access to a lot of traffic and ample parking. An agent will provide a breakdown of the neighborhoods that will work best.

Get your commercial investment off to the right start by selecting a trusted real estate agency that will help you find the best property. KW Commercial in Florence, KY, has comprehensive commercial real estate knowledge and experience. Their brokers have helped clients find everything from retail stores to office complexes and will assist with valuation, entitlement approvals, and leasing information. Call them today at (859) 359-6805 to start the hunt for your ideal property. Visit their website to see current listings.